Trading the Bank of Canada Rate Statement a high impact data!
Let me start by reviewing USDCAD trade, and explaining why I made this tweet
$usdcad we talked abt it having to trade below 10850 for a move down on that 1234 h4
— TerraSeeds FX Tflow® (@terraseeds) May 29, 2014
There was a long term level around 10850 as seen in monthly chart; this level was also covered in 4M class. My stand during 4M class is that this 10850 must be cleared and price must trade below it for USDCAD to continue down
1234 seem in D1 and H4 with price well resisted by boxes low